IBM Corp. has announced on Wednesday that it would be snapping up the security and analytics firm, NISC, dubbed as “National Interest Security Company”, from its parent company D.C. Capital Partners for an unspecified amount.
However, Reuters quoted a source close to the matter saying that D.C. Capital Partners would at least make nine times of their original investment, earning somewhere around $180 million in equity value for the company.
Incidentally, the company pooled $19.6 million for the intelligence firm back in 2007, the source cited.
Based in Fairfax, Virginia, NISC primarily serves the public sector organisations, with the US Navy, National Security Agency, and the US Department for Homeland Security, being its most recognisable clients.
The company holds a workforce of around 1,000 employees across the globe, and has been doing quite well in serving the national defence and security agencies.
IBM touts that the acquisition would help bolster up its IT security services offerings in a multitude of sectors, including health care, defence, energy, security and logistics.
NISC will augment the capabilities of the Big Blue’s Business Analytics and Optimisation arm, which supports the government agencies with extracting data to formulate better policies.
The acquisition agreement will also involve an NISC affiliate, Technology and Management Services, and it is expected to be completed by the end of the first quarter of 2010.
IBM is hand picking some of the finest technology companies out there but always with a view of making the most out of them. In 2009, it acquired seven companies which was half the number in 2008. 2010 should mark the return of big acquisitions from Big Blue and others.